Land Acquisition
Realty developers are endeavoring more further support, in addition to the measures proclaimed, including the Rs 25,000-crore trial fund for fulfillment of abandoned and stuck housing projects, from the government to expand the requirement for housing and reducing liquidity pressure. Developers have stretched out to finance Minister Nirmala Sitharaman with approaches such as providing them adaptability on imposing GST [...] Continue Reading »
CHANDIGARH: In an attempt to expand enduring businesses in the state, Punjab has determined to ‘liberalize’ its enduring municipal building bylaws by contributing recreations that would execute the bylaws for both commercial and domestic buildings at par with another state. After due examination, it was believed that the existing building bylaws in the state are a little harsh [...] Continue Reading »
CHENNAI: The Chennai Metropolitan Development Authority (CMDA) tasked to solve unlawful development in the city has clasped and sealed a maximum of 15 so buildings a year since 2017. This when there are objections about at least 1,000 such illegal buildings scattered over the Chennai Metropolitan Area (CMA), which holds the city proper and neighborhoods in Kanchipuram, [...] Continue Reading »
NEW DELHI: Allowing a fund crunch with unadventurous buyers so incomparably paying up Rs 103 crore out of their dues of Rs 3,600 crore and NBCC denying to invest money, the Supreme Court on Monday ordered the Centre to analyze using its force fund for construction of grounded Amrapali house installation projects. A bench of [...] Continue Reading »
Punjab government to offer 10% rebate for property tax defaulters LUDHIANA: The state government’s recommended movement to endeavor a 10% rebate on those who have defaulted on paying property tax is creating heartburn amongst those who paid the tax on time. Punjab local bodies minister Brahm Mohindra is assumed to publish the rebate shortly. Taxpayers are of [...] Continue Reading »
DEHRADUN: The Dehradun Municipal Corporation (DMC) has inflicted huge penalties on 15 commercial properties for disrupting the self-assessment procurement while repaying their property tax. A DMC team conveyed a casual investigation to confirm the authenticity of the area square meters sent by 50 leading commercial properties of Dehradun. During the verification procedure, the DMC team found that 15 of [...] Continue Reading »
Tax department wants realtors to reverse transition credit MUMBAI | NEW DELHI: Real estate players that had commenced taxes paid following more advanced tax administration upon their Goods and Services Tax (GST) mortgages have begun collecting tax demands from the secondary tax department. The tax department requires real estate developers to modify the credit demanded as development credit [...] Continue Reading »
The Maharashtra Housing and Area Development Authority (MHADA) has lost a nearly 20-year-old battle to acquire 11,515 square feet in Mumbai’s Suraj Apartment. A 38-story pencil-like tall building at Breach Candy, in South Mumbai. MHADA had held up claim to the area on the basis of the extra Floor Space Index (FSI) allegedly used by [...] Continue Reading »
Devanahalli which is the home to a new international airport looks to be the breeding ground for several land scams. In a recent incident that has come up surface, four tahisildars have allegedly sold off government plots with an estimated price of 100 crores to private land developers in between the year 2008 and 2013. [...] Continue Reading »
Goa government’s decision to request the Central government to discard the state’s new land acquisition law has led to protest from activists and citizens from Margao. The land acquisition law which the Goa government wants the Central government to cast off necessitates that farmers and land owners affected by land acquisition in the state should [...] Continue Reading »
